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that's not even part of the fiscal cliff. that's in addition to the fiscal cliff. >>> good morning. we're live at the new york stock exchange. of course the moment we've been waiting for, the senate reconvening as we speak. 11:00 a.m. eastern time. we are waiting to see whether any progress has been made between republican senator mitch mcconnell and vice president joe biden. john harwood has told us they have not only had constructive talks, but talked past midnight, at 6:30 a.m. this morning. markets reacting quite like this, the dow down about 12 points, s&p positive by about three, and the nasdaq up about 15. meantime in hong kong, they are already celebrating the new year. this is a live picture of what's happening on the other side of the planet and that scene will be a lot more familiar to those on the east coast in just a few hours time. meantime just a few hours to go, still no deal on the fiscal cliff. how are the markets going to be impacted heading into the new year? head of research joining us from new york, andrew, happy new year to you. all kinds of predictions becaus
that's not even part of the fiscal cliff. that's in addition to the fiscal cliff. >>> good morning. we're live at the new york stock exchange. of course the moment we've been waiting for, the senate reconvening as we speak. 11:00 a.m. eastern time. we are waiting to see whether any progress has been made between republican senator mitch mcconnell and vice president joe biden. john harwood has told us they have not only had constructive talks, but talked past midnight, at 6:30 a.m. this...
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Jan 1, 2013
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>>> as we continue to keep an eye on the fiscal cliff, the republicans continue to meet behind closed doors, a meeting described as a bit noisy and excited. the democrats just finished their meeting with vice president joe biden. that was described as an evangelical meeting. still unclear whether a vote by the house will take place on the bill that was passed by the senate or whether in fact they will amend it and send it back to the senate. joining us from washington, bob cusack, the managing editor of the online journal the hill. and, so, bob what is the latest word you have as to what is going on and whether in fact john boehner can get his people together to vote for this? >> well, it is going to be very difficult. house republicans don't like the senate passed bill, even though it passed 89-8. it looks like the house will pass something to return it back to the senate. they'll amend it in some way, it looks like, because they don't like this $4 trillion price tag that just came out over the last ten minutes, cbo just released that. and this is just a tough vote for house conserva
>>> as we continue to keep an eye on the fiscal cliff, the republicans continue to meet behind closed doors, a meeting described as a bit noisy and excited. the democrats just finished their meeting with vice president joe biden. that was described as an evangelical meeting. still unclear whether a vote by the house will take place on the bill that was passed by the senate or whether in fact they will amend it and send it back to the senate. joining us from washington, bob cusack, the...
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draws closer and closer to that fiscal cliff. the defense department is facing billions in budget cuts. how a furlough could affect civilian employees in the u.s. and around the world. oh, hey mike. what are you up to? oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. [ male announcer ] state farm. more mobile than ever. get to a better state. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market
draws closer and closer to that fiscal cliff. the defense department is facing billions in budget cuts. how a furlough could affect civilian employees in the u.s. and around the world. oh, hey mike. what are you up to? oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the...
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Dec 29, 2012
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cliff, that republicans will get the blame? >> well, of course they will. because republicans get blamed if it rains if washington. that shouldn't be the test here, it shouldn't be the consideration. but senator reid has had it within his power since spring to amend the house bill and send it back with whatever changes he wanted. that's what the constitution says. sadly, they've given speeches instead of getting the job done. but nobody, nobody wants taxes to go up on middle class americans. and i hope that everybody works real hard over the weekend. a lot of americans have to work on the weekend. i don't think it's a big deal that we have to work this weekend. >> it's not a big deal and you should all be working this weekend. listen, a few weeks ago it looked like speaker boehner and president obama were pretty close on a grand bargain. maybe not as big as should would hope. it looked like the president was saying, we'll raise that top rate and offer some entitlement reform. social security changes, cpi. some talk of raising t
cliff, that republicans will get the blame? >> well, of course they will. because republicans get blamed if it rains if washington. that shouldn't be the test here, it shouldn't be the consideration. but senator reid has had it within his power since spring to amend the house bill and send it back with whatever changes he wanted. that's what the constitution says. sadly, they've given speeches instead of getting the job done. but nobody, nobody wants taxes to go up on middle class...
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Jan 1, 2013
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we're basically over the fiscal cliff tomorrow. the administration and democrats can provide basically a middle class tax cut, introduce legislation providing tax cuts and restoring spending cuts and republicans would be hard pressed not to vote for it. remember, also, there will be more democrats in congress. >> i'm going to ask you this, then, one of your complaints was by raising the threshold to $450,000 for couples, $400,000 for individuals, you go from raising $800 billion to about $500 billion, which you don't think is sufficient nlt. but if you're not prepared to see taxes raised on the middle class, you want this threshold to be lower, and you're not really that interested in entitlement cuts, you made that pretty clear, where actually do you deal with curtailing the growth in the deficit and the debt? >> i go first of all to military defense cuts. we have a bloated military. our military right now, our military spending is larger than the next 13 military budgets, the next 13 nations put together. i would also go after co
we're basically over the fiscal cliff tomorrow. the administration and democrats can provide basically a middle class tax cut, introduce legislation providing tax cuts and restoring spending cuts and republicans would be hard pressed not to vote for it. remember, also, there will be more democrats in congress. >> i'm going to ask you this, then, one of your complaints was by raising the threshold to $450,000 for couples, $400,000 for individuals, you go from raising $800 billion to about...
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we're actually over the fiscal cliff. so, now it's up to the republican-controlled house to pull us back. here's what happened while you were sleeping, or sleeping or dg else. a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern time. the house takes up this plan later on this morning. no telling on how that will turn out if the house approves, the deal will estimate a generated $600 billion over the next ten years this is how senate leaders of both sides of the aisle are assessing the measure. >> i have said all along, the most important priority is protecting middle class families. >> this suhouldn't be the model for how we do things. but we can say we've done some good for the country. >> bush era tax cuts will remain in place for individuals earning less than 400,000, couples earning less than 450,000. unemployment benefits for 2 million americans would be extended for a year. the alternative minimum tax perma
we're actually over the fiscal cliff. so, now it's up to the republican-controlled house to pull us back. here's what happened while you were sleeping, or sleeping or dg else. a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern time. the house takes up this plan later on this morning. no telling on how that will turn out if the house approves, the deal will estimate a generated $600...
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what seems to be a bitter stalemate between democrats and republicans on the fiscal cliff, we have learned of a bit of change this evening with the negotiations. for one, we have learned that the senate will reconvene tomorrow at 11:00 a.m. that means no decision tonight. we have also learned senator mitch mcconnell, the republican minority leader, has had conversations directly with vice president biden. mcconnell had been working with senate majority leader harry reid, but he and biden have gotten things done when working together in the past. can they do it now? let's go to dana bash. dana, what do you think? is it promising? can they go it now? >> reporter: well, let's start there. it certainly has happened before between these two men, and it's happened before when democrats on capitol hill are either split or have gotten, frankly, just too frustrated with the republican counterparts to have conversations to be able to find bipartisan agreement. these are the two men who negotiated an extension of the bush era tax cuts for two years. that happened two years ago when republicans had a
what seems to be a bitter stalemate between democrats and republicans on the fiscal cliff, we have learned of a bit of change this evening with the negotiations. for one, we have learned that the senate will reconvene tomorrow at 11:00 a.m. that means no decision tonight. we have also learned senator mitch mcconnell, the republican minority leader, has had conversations directly with vice president biden. mcconnell had been working with senate majority leader harry reid, but he and biden have...
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cliff deal done if it does in fact get done. and what i mean by that is this -- it was done in the senate, and then it just went over to the house where house republicans were not interested in voting on it, a one-year extension of this at all, but they were sort of forced to do it because of the way the senate acted. it's not unlike what we'll probably see if the senate votes tonight and the house votes tomorrow. republicans in the senate and house are not going to be happy about it, but it's going to be, as they say here, they're going to get stuck with this bill and they're not going to have any other choice but to bring it up and probably pass it. >> can we assume, dana, that the senators, maybe even the vice president, will emerge from the meeting that is under way right now and come to the microphones that are near you? >> i would love to say yes, but we're getting some signals from democratic leadership sources that harry reid will probably not come and talk to us. however, i have seen this movie before. we're told that h
cliff deal done if it does in fact get done. and what i mean by that is this -- it was done in the senate, and then it just went over to the house where house republicans were not interested in voting on it, a one-year extension of this at all, but they were sort of forced to do it because of the way the senate acted. it's not unlike what we'll probably see if the senate votes tonight and the house votes tomorrow. republicans in the senate and house are not going to be happy about it, but it's...
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where and when we could see trouble. >>> they left down without a deal on the fiscal cliff. when republicans and democrats get back to d.c. tomorrow, will they be able to compromise? we'll talk to nan hayworth, coming up. list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum, so that when you find the job you want you'll be a perfect fit. let's get to work. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could
where and when we could see trouble. >>> they left down without a deal on the fiscal cliff. when republicans and democrats get back to d.c. tomorrow, will they be able to compromise? we'll talk to nan hayworth, coming up. list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum, so that when you find the job you want you'll be...
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. >>> the biggest issue in all the fiscal cliff wrangling is taxes. it's not the most important issue, but it's the central one. grover norquist told you his strong opposition to any tax increases of any sort. many republicans share his view. let's look at the economy. obviously across the board tax increases would hurt the economy. but what will the real economic reaction be to small tax increases on the wealthiest americans? now, annie lowrie of the "new york times" is still with us. i always have to make sure my viewers understand i am not advocating for tax increases on the rich. i want to explain what could happen. i want to bring in jean zahadi, a senior writer at your money and kevin haslett of the american enterprise institute. he was the author of much of mitt romney's economic policies. a good friend of the show. jean, let me start with you. tax increases on people making more than 250,000 a year. let's use that as a number. it might be 400,000, it might be half a million. it might be a million. let's take $250,000. if you increase taxes, th
. >>> the biggest issue in all the fiscal cliff wrangling is taxes. it's not the most important issue, but it's the central one. grover norquist told you his strong opposition to any tax increases of any sort. many republicans share his view. let's look at the economy. obviously across the board tax increases would hurt the economy. but what will the real economic reaction be to small tax increases on the wealthiest americans? now, annie lowrie of the "new york times" is...
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Dec 29, 2012
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most taxpayers and going over the fiscal cliff? >> well, a couple thing, ali. first of all, i think the outlines of that deal you just described are probably where they're headed, although i don't think that mitch mcconnell and harry reid -- i hear they're negotiating maybe a little higher income threshold, so maybe not $250,000, maybe $400,000 or $500,000. even the president put that on the table a couple weeks ago. i was pleased to hear jessica said she think wes ear inching towards an agreement. i don't want to go over this cliff. i think it would be a mistake politically and economically to do that. but i want to let your viewers know that this is not a fight about small things. it's a fight about big, big ideas, about what our entitlement programs are going to look like, what is our tax system going to look like, how much are we going to spend on all these programs. these are deep ideological divisions between the two parties. i hate to see it come to the edge of this cliff, but the ideas here that we're fighting about are of
most taxpayers and going over the fiscal cliff? >> well, a couple thing, ali. first of all, i think the outlines of that deal you just described are probably where they're headed, although i don't think that mitch mcconnell and harry reid -- i hear they're negotiating maybe a little higher income threshold, so maybe not $250,000, maybe $400,000 or $500,000. even the president put that on the table a couple weeks ago. i was pleased to hear jessica said she think wes ear inching towards an...
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we're playing the waiting game right now here, waiting to see if the fiscal cliff deal worked out between vice president joe biden and senate republicans can pass in the house of representatives. later today. late last night, really early this morning, the republican leadership in the house released this statement. 9 house will honor its commitment to consider the senate agreement if it's passed. decisions about whether the house will seek to accept or promptly amend the measure will not be made until house members, and the american people, have been able to review the legislation. all right, ron myer is a spokesman for the conservative group american majority action. his group suggested speaker boehner resign for proposing his plan "b." that was awhile ago right now. he joins us now this morning. ron, i should say, we've had you on the show a number of times. one of the last times we had you on you correctly predicted very early that plan "b" was not going to pass in the house. that was the measure that speaker boehner proposed a few weeks ago. so i want to ask you today, as we're headin
we're playing the waiting game right now here, waiting to see if the fiscal cliff deal worked out between vice president joe biden and senate republicans can pass in the house of representatives. later today. late last night, really early this morning, the republican leadership in the house released this statement. 9 house will honor its commitment to consider the senate agreement if it's passed. decisions about whether the house will seek to accept or promptly amend the measure will not be...
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republicans to date, once the nation goes over the fiscal cliff, it's the democrats who could revolve. as soon as taxes go up tomorrow and republicans will be racing, democrats assume, will be racing to find a way to bring taxes down, and many democrats are of the opinion that that will give democrats enormous leverage come tomorrow. they'll have more negotiating power come tomorrow. you might see democrats tomorrow be even less willing to sign on to this deal. in 24 hours, democrats might like today's deal even less, wolf. >> it's getting more and more complicated as the delay continues over at the white house. are they at least suggesting that if we go over the cliff tomorrow, that there's still a possibility that both -- let's say the senate doesn't act tonight, that they act sometime tomorrow. they say they can still resolve this, so for practical purposes, the worst parts of this fiscal cliff won't be really felt by the american public? >> absolutely. the problems are not technical. in terms of putting off the taxation and what has to be done mechanically with the irs, so that am
republicans to date, once the nation goes over the fiscal cliff, it's the democrats who could revolve. as soon as taxes go up tomorrow and republicans will be racing, democrats assume, will be racing to find a way to bring taxes down, and many democrats are of the opinion that that will give democrats enormous leverage come tomorrow. they'll have more negotiating power come tomorrow. you might see democrats tomorrow be even less willing to sign on to this deal. in 24 hours, democrats might like...
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this is the final day of the fiscal cliff countdown. the possibility of tax hikes, spending cuts, and a recession all looming at midnight. democrats and republicans turning to their so-called closers to cut a compromise deal. vice president joe biden, senate minority leader mitch mcconnell working behind closed doors, two men who have worked together for 20 years. the ho use and senate back in session in just a few hours. we're not seeing much progress. one significant stumbling block has been sidestepped. republicans reported dropping their demand to slash social security cost of living increases, the chain cpi that had been briefly on the table. what are the chances we'll get the deal done today? let's listen to republican congressman jason chaffetz earlier on "starting point." >> the united states senate hasn't passed a budge net four years. they have not brought up a single thing for vote on this particular bill. come on, the senate has got to do their job. that's how it works around here. >> more of the same old blame game. senator
this is the final day of the fiscal cliff countdown. the possibility of tax hikes, spending cuts, and a recession all looming at midnight. democrats and republicans turning to their so-called closers to cut a compromise deal. vice president joe biden, senate minority leader mitch mcconnell working behind closed doors, two men who have worked together for 20 years. the ho use and senate back in session in just a few hours. we're not seeing much progress. one significant stumbling block has been...
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why republicans say the president wants to go over the fiscal cliff. >>> and imagine someone breaking into your home and ransacking your christmas tree, stealing your electronics. meet the family who encountered a real life grinch and caught the thief on camera. it's an unbelievable story, and the family will join us live in this hour. good morning, everybody. on a christmas eve, welcome to "starting point." i'm alina cho in new york. da dana, good morning. >> good morning. alina. i'm dana bash in washington. it's christmas eve. "starting point" begins right now. >>> and our starting point, an american contractor in kabul shot and killed earlier this morning by a woman wearing an afghan police uniform. it happened inside kabul's police headquarters, and it's the latest in a string of suspected green on blue attacks. pentagon correspondent barbara starr is working her sources, and she joins us from washington. barbara, we have seen a lot of these attacks. correct me if i'm wrong, this is the first time it's happened with a woman. >> reporter: i think that is absolutely correct, dana. u
why republicans say the president wants to go over the fiscal cliff. >>> and imagine someone breaking into your home and ransacking your christmas tree, stealing your electronics. meet the family who encountered a real life grinch and caught the thief on camera. it's an unbelievable story, and the family will join us live in this hour. good morning, everybody. on a christmas eve, welcome to "starting point." i'm alina cho in new york. da dana, good morning. >> good...
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to avoid going over the fiscal cliff. listen. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it, that solves our deficit problems in a balanced and responsible way that doesn't just deal with the taxes, but deals with the spending in a balanced way, so that we can put all this behind us focusing on growing our economy. but with this congress, that was obviously a little too much to hope for at this time. >> let's turn now to chief white house correspondent jessica yellin. let's talk a little bit about the outlines of the deal, the fact that the president came out to make his case and try to push this thing over the finish line. what does the white house have to do to gain the backing it needs. >> reporter: well, what we heard from the president today just now was really an emphasis that there are a lot of components here for democrats to like because their focus especially is on making sure that -- because i shoul
to avoid going over the fiscal cliff. listen. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it, that solves our deficit problems in a balanced and responsible way that doesn't just deal with the taxes, but deals with the spending in a balanced way, so that we can put all this behind us focusing on growing our economy. but with this congress, that was obviously a little too much...
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a lot of people speak passionately, i assume about the fiscal cliff before the republican convene in a smaller group. >> reporter: the house convened at 12:00 and what happens when the house convenes, every day they have what's called one-minute speeches. this is one of the opportunities for members of congress to come and say their peace and say what's on their mind and they have one minute. i'm sure what is on all members' mind at this point how they feel about the fiscal cliff deal. >> looking at live pictures of that taking place there. we'll bring you back to get behind the scenes from the gym but also from the floor and whether or not there's anything that's going to come of these meetings, whether or not there's a vote on the house side. there were eight senators who voted against that compromise measure, the opposition coming from both parties yet senate democrats tom harkin, tom carper and michael bennet voting no. so did mike lee, richard shelby, rand paul, chuck %a#zgrassley, o rubio, a tiny minority. the senate passed the fiscal cliff deal with an overwhelming bipartisan
a lot of people speak passionately, i assume about the fiscal cliff before the republican convene in a smaller group. >> reporter: the house convened at 12:00 and what happens when the house convenes, every day they have what's called one-minute speeches. this is one of the opportunities for members of congress to come and say their peace and say what's on their mind and they have one minute. i'm sure what is on all members' mind at this point how they feel about the fiscal cliff deal....
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democrats would point the finger at republicans for going over the fiscal cliff. >> that's been going on for a while as you well know, brianna, and as the president cuts his vacation short, we know what that means, are you cutting your working vacation short. >> i'll be back soon to see you. >> listening to those beautiful waves behind brianna. >> thank you. >> from brianna to rihanna, ahead on "starting point." rihanna and chris brown. what looks like more proof these two are back together again. >> a story trdrew has been watching very, very closely. >> you're watching "starting point" back after this. learnin, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-p
democrats would point the finger at republicans for going over the fiscal cliff. >> that's been going on for a while as you well know, brianna, and as the president cuts his vacation short, we know what that means, are you cutting your working vacation short. >> i'll be back soon to see you. >> listening to those beautiful waves behind brianna. >> thank you. >> from brianna to rihanna, ahead on "starting point." rihanna and chris brown. what looks like...
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the bush tax cuts sunset if we don't do anything to variety the fiscal cliff. this is something that the president and republicans agree on. they agree 98% of the americans shouldn't have taxes raised, but that 2% disagreement brings us to the edge of the fiscal cliff. >> the ceo of starbucks says, hey, you know what? let's write on our coffee cups "come together." do you think anybody will pay attention to that in washdz? >> you know what? anything and everything helps. just merely spreading the message america is watching and waiting for congress to act to find a way to reason together, that's an important act, and everyone doing their part can do, i say good on him. we need to send this message to washington and make sure it isn't settled. we'll go deeper into this tonight at 7:00 as well. this is urnlggent. the clock is ticking, suzanne. >>> many american families have adopted children from russia, but that might actually be ending thanks tie controversial bill passed in russia parliament. because your daughty wants that pink castle thing. and you really do
the bush tax cuts sunset if we don't do anything to variety the fiscal cliff. this is something that the president and republicans agree on. they agree 98% of the americans shouldn't have taxes raised, but that 2% disagreement brings us to the edge of the fiscal cliff. >> the ceo of starbucks says, hey, you know what? let's write on our coffee cups "come together." do you think anybody will pay attention to that in washdz? >> you know what? anything and everything helps....
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cliff. >> six days away. dana, what would majority leader reid have to add to the legislation to peel off just a few republicans, enough to get it through the house? i don't know if he would get widespread support from mitch mcconnell and the leadership, but just a few who are maybe retiring, or leaving the senate. >> reporter: that's a great question. first and foremost they would have to be able to swallow the idea that they will effectively vote to raise taxes on the top 2% of americans which most republicans said they do not want to do because they think it is bad for the economy. to answer your question, it is probably the biggest sweetener for republicans and seen some moderate democrats by the way is the estate tax. the estate tax is in place right now at a relatively low threshold. it would go up big time at the end of the year. and that is something that is very important to a lot of republicans. that could be a sweetener. i think probably the best argument the democrats have for some of those republ
cliff. >> six days away. dana, what would majority leader reid have to add to the legislation to peel off just a few republicans, enough to get it through the house? i don't know if he would get widespread support from mitch mcconnell and the leadership, but just a few who are maybe retiring, or leaving the senate. >> reporter: that's a great question. first and foremost they would have to be able to swallow the idea that they will effectively vote to raise taxes on the top 2% of...
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if it goes over the fiscal cliff, it will hurt the republicans more. host: thank you for the call. a photograph of the president, cutting short his vacation. leaders were blaming each other for the stalled negotiations just days before tax increases lock in. more from the floor of the senate yesterday, harry reid. [video clip] >> speaker boehner should not have that members go back. they are not here. they are not here. john bennett seems to keep more about keeping his speakership than keeping the nation on firm financial footing. he is waiting until january 3 to get reelected as speaker. he has so many people over there that will not follow what he wants. that is obvious from the debacle that took place last week. host: back to your calls and comments. negotiations resumed at 3:00 p.m. this afternoon at the white house. north carolina on the republican line, good morning. caller: how are you/ i'm doing well -- how are you? the budget as far as the epa, i wonder if that would help cutting the budget, plus cutting entitlement spending. instead of raising taxes and lower deduction, i
if it goes over the fiscal cliff, it will hurt the republicans more. host: thank you for the call. a photograph of the president, cutting short his vacation. leaders were blaming each other for the stalled negotiations just days before tax increases lock in. more from the floor of the senate yesterday, harry reid. [video clip] >> speaker boehner should not have that members go back. they are not here. they are not here. john bennett seems to keep more about keeping his speakership than...
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host: republican senator thinks the president wants to go off the fiscal cliff. guest: i said earlier myself. in terms of who gets hurt the most, i think it's clear the republicans can be hurt the most. they put themselves in that situation. let's go offto say the fiscal cliff. unemployment or other benefits, veterans benefits, etc. it would be cynical to say let's sacrifice those folks to win a political point. i'm not saying democrats want to do that. host: let's hear from the republican in indiana. caller: hi. i have a comment and a question. if they had police officers driving route near schools before the start and when they release, they should have an alarm system on every school. so as soon as the window broke, the alarm would have triggered. we know the 1% are not doing enough. when is it not fair on the other side of the equation? a ward of the state, now free health care. when does it-- stop? guest: everybody has their definition of fairness. we're always at shellac debates sense.own to dollars and cent how do you rate whether somebody is deserving poo
host: republican senator thinks the president wants to go off the fiscal cliff. guest: i said earlier myself. in terms of who gets hurt the most, i think it's clear the republicans can be hurt the most. they put themselves in that situation. let's go offto say the fiscal cliff. unemployment or other benefits, veterans benefits, etc. it would be cynical to say let's sacrifice those folks to win a political point. i'm not saying democrats want to do that. host: let's hear from the republican in...
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Jan 1, 2013
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caller: yes, i am glad to something being done about the fiscal cliff. the american people need to understand that the republicans put us in this situation, because when bill clinton left office, he left with a surplus. the republicans spent all the money. we went into recession. then president obama came on scene, and he brought us out of the recession, and it takes money to get out of recession. now they are trying to blame him for all of the spending. mitch mcconnell, he is a disgrace to the senate floor. he said he one of the president to be a one-term president. the people voted obama back in. host: the minority leader, mitch mcconnell, has been negotiating with the vice president joe biden to come to some sort of agreement. what you make of that? caller: i'm talking about what mitch mcconnell said in the beginning. he did not want to work with this president. the want it to see him fail. they're hurting the american people by not helping obama. obama is good for the country, but people that listen to rush limbaugh, sarah palin, and fox news, that i
caller: yes, i am glad to something being done about the fiscal cliff. the american people need to understand that the republicans put us in this situation, because when bill clinton left office, he left with a surplus. the republicans spent all the money. we went into recession. then president obama came on scene, and he brought us out of the recession, and it takes money to get out of recession. now they are trying to blame him for all of the spending. mitch mcconnell, he is a disgrace to the...
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Dec 28, 2012
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fiscal cliff. our guest will be a wall street journal financial reporter. then, an explanation of home ownership in the u.s., hit by the author of "american nightmare." and discussions on the economy, poverty, and hunger. we'll hear from the head of u.s. economic officer service, and the urban institute's senior fellow. california republican congressman jerry lewis is retiring from the house after 34 years in office. the 17 term congressman represents the 41st district in southeastern california, which includes parts of san bernardino and riverside county. this interview is 30 minutes. >> congressmen jerry lewis, you are leaving after three plus decades here. in what ways is this institution different than when you joined? >> there have been many changes. the most significant difficulty with those changes is we have tended recently to more and more polarized ourselves. there is a tendency to want to paint everything in partisan terms. 90% of the issues we deal with have nothing to do with partisan
fiscal cliff. our guest will be a wall street journal financial reporter. then, an explanation of home ownership in the u.s., hit by the author of "american nightmare." and discussions on the economy, poverty, and hunger. we'll hear from the head of u.s. economic officer service, and the urban institute's senior fellow. california republican congressman jerry lewis is retiring from the house after 34 years in office. the 17 term congressman represents the 41st district in southeastern...
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Dec 28, 2012
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caller: i really don't see much on the fiscal cliff. if they make a deal, either way they go, it will hurt. by the time 2014 gets here and when obamacare kicks in, it will cost me so much that i will have to quit work. it will be worth more for me to be on welfare than to keep working and just working for nothing but health care. host: we will get a response. guest: this is something a lot of people are waiting to see what the impact of that law is going to have. a lot of that, the major provisions don't kick in until now and in the next few years. everyone will wait to see what the impact on the economy will be. there's a big disagreement about what will happen. host: this new york times piece gives a sense of the mood in washington. let's read the first paragraph or two. guest: this is only the fourth time since the 1930's they have had to come back after christmas to do work. this is uncharted territory. no one really wanted to be in a situation, but it was a factor of them having to wait until after the election to start negotiating
caller: i really don't see much on the fiscal cliff. if they make a deal, either way they go, it will hurt. by the time 2014 gets here and when obamacare kicks in, it will cost me so much that i will have to quit work. it will be worth more for me to be on welfare than to keep working and just working for nothing but health care. host: we will get a response. guest: this is something a lot of people are waiting to see what the impact of that law is going to have. a lot of that, the major...
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Dec 30, 2012
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let's go to louann on the republican line. caller: to me, the fiscal cliff is a small smokescreen. the fiscal cliff that is coming is obamacare. nobody is addressing obamacare. i have to find out friday will be taxed 2.3% on any device used on us in any of the medical fields. my husband's doctor wrote out a prescription for a blood drop for january. he said i do not know how much this will cost you out of pocket because of obamacare. my husband is over 70. he said he did not know how much longer he would be able to help him because of obamacare. this is a smokescreen. when people find out we will be taxed on medical devices, even our vet bills will be going up, this thing is a joke. the liberals will be hit just as hard as republicans. the tea party warned you this would happen. host: let's give the guys a chance to comment on the health care law and its place in this debate. guest: is not part of the fiscal cliff. there is a tax increase going into effect because of the health reform act. it is not considered part of the fiscal cliff. in terms of immediate damage to the economy, t
let's go to louann on the republican line. caller: to me, the fiscal cliff is a small smokescreen. the fiscal cliff that is coming is obamacare. nobody is addressing obamacare. i have to find out friday will be taxed 2.3% on any device used on us in any of the medical fields. my husband's doctor wrote out a prescription for a blood drop for january. he said i do not know how much this will cost you out of pocket because of obamacare. my husband is over 70. he said he did not know how much...
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Dec 29, 2012
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cliff because the fiscal cliff compass more than just taxes. you've got the quester and the unemployment insurance. the republicans and democrats know that they can't afford to go back in a recession at this point and the republicans are going to get blamed for it. the taxes still increased and y'all promised not to do that and on the other hand, if they make a deal now, they can go back and say look, we're not in total control. we only control the one branch of government so we made a deal to keep the taxes, you know, low on 98% of the country and that's to win. and as far as the sequester, the afford to lose all those military jobs. that's 100 million jobs possibly lost. and then you've got the unemployment, you know, two million people unemployment, they can't afford not to have that revenue injected into the system so i believe come monday, they're going to have a deal. i believe it. there's not -- they are not -- i'm going to guarantee you you guys. host: eve got a guarantee from antonio. joseph rosenberg who makes a living researching thi
cliff because the fiscal cliff compass more than just taxes. you've got the quester and the unemployment insurance. the republicans and democrats know that they can't afford to go back in a recession at this point and the republicans are going to get blamed for it. the taxes still increased and y'all promised not to do that and on the other hand, if they make a deal now, they can go back and say look, we're not in total control. we only control the one branch of government so we made a deal to...
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Jan 2, 2013
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the back for avoiding the fiscal cliff. much't know how congratulation we ought to have for that. yesterday i was buying some groceries, and the guy at the checkout stand had no idea who i was, and should not have. he said, what is going on on capitol hill? what are those people doing? we ought to fire everybody in congress. they cannot get their work done. we have to get our work done. they don't have to get their work done. he made a good point. it is down to the level of gross restore check out people, and i suspect other levels than that. people are tuned into the news media or entertainment media. they call it the fiscal cliff, so that it appears to be in niagara falls with money running over it. more of a gradual slope, but we have to stop this downward slope that we are on. it is important that we do that. this is the body that can do that. congress can do that. we do a war of words around here, this protecting the ridgc. h the problem goes into the definition of rich, and that is a hard one to explain. any attempt t
the back for avoiding the fiscal cliff. much't know how congratulation we ought to have for that. yesterday i was buying some groceries, and the guy at the checkout stand had no idea who i was, and should not have. he said, what is going on on capitol hill? what are those people doing? we ought to fire everybody in congress. they cannot get their work done. we have to get our work done. they don't have to get their work done. he made a good point. it is down to the level of gross restore check...
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Jan 1, 2013
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on thist your take fiscal cliff deal. david in louisiana, republican caller. caller: i feel this bill is not really accomplishing anything. if we keep ignoring what we are doing with the tax dollars, iciest of money going to refuse -- i see this money going to a very few states and individuals. it is not stimulating manufacturing here. we are buying chinese solar panels and trying to offset that by putting tariffs on imports. it is a big joke. i'm not speaking just on the federal approval. that is just one example. we've got to have oversight and planning. we've got to do something that will not have long-range negative impacts. we've got to control spending. it is not a democrat or republican gain. we have to be realistic about what we are spending our money on. host: marla in missouri. go ahead. caller: a couple of things. the last few callers are right. it is not a democrat or republican. it is the whole cabinet. the thing that gets me is that ronald reagan did are all the money from social security. i am one of those people. i'm also on social security now
on thist your take fiscal cliff deal. david in louisiana, republican caller. caller: i feel this bill is not really accomplishing anything. if we keep ignoring what we are doing with the tax dollars, iciest of money going to refuse -- i see this money going to a very few states and individuals. it is not stimulating manufacturing here. we are buying chinese solar panels and trying to offset that by putting tariffs on imports. it is a big joke. i'm not speaking just on the federal approval. that...
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Dec 29, 2012
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i am happy republicans are fighting to have a balanced point of view for the fiscal cliff. if the president wants to spend $one. 6 trillion, he should cut the spending by that. it should be 400,000 jobs. people who give us jobs are the people that earn $400,000 and can afford to have a family and pay for employees. i am very grateful for your mentioning the fact he went on 310 campaigns. i was wondering what he was doing when he was not in the office leading. now i understand he was out campaigning. when he does campaign, have you been able to figure out how much he has cost the american taxpayer for the trips he takes? in hawaii, they mentioned he is lazy because he is from hawaii. i am wondering if he spends all his time campaigning. host: it sounds like he might spend time there because it is warmer than washington, d.c. caller: he does not work that much. when he was in chicago in the senate, in the illinois senate, he did not work that hard. he was only marked present. i did not believe that. now i see the way he operates. he does not seem to be doing his job. that is
i am happy republicans are fighting to have a balanced point of view for the fiscal cliff. if the president wants to spend $one. 6 trillion, he should cut the spending by that. it should be 400,000 jobs. people who give us jobs are the people that earn $400,000 and can afford to have a family and pay for employees. i am very grateful for your mentioning the fact he went on 310 campaigns. i was wondering what he was doing when he was not in the office leading. now i understand he was out...
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Dec 25, 2012
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over the fiscal cliff? >> oh, yeah, i would be. you know, i think it is remarkable that right after the election we get this thing that comes right up in our faces that basically outlines in bold relief the differences in the two ideas about how we go forward in this country. it is really excellent timing, and we may have to go over the cliff, if it is forced into it. but this idea that you bring down the cost of medicare by making it available to more people is a terrible idea of mr. boehner's. the idea -- i would be terribly upset, along with many of my friends, if obama compromised too much on what needs to happen that is called the fiscal cliff. >> do you think a prominent third-party would help our country? >> i felt strongly about that when i supported john anderson in 1979. he was -- a large part of anderson's campaign was to sue the state ballot procedure into allowing third parties to have more access to the electoral process. i would like to see a third party available, but that, too, seems like a
over the fiscal cliff? >> oh, yeah, i would be. you know, i think it is remarkable that right after the election we get this thing that comes right up in our faces that basically outlines in bold relief the differences in the two ideas about how we go forward in this country. it is really excellent timing, and we may have to go over the cliff, if it is forced into it. but this idea that you bring down the cost of medicare by making it available to more people is a terrible idea of mr....
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Dec 29, 2012
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going over the fiscal cliff is avoidable. there is still time to act. but president obama and 10 eric -- and harry reid believe it is one that can pass both houses. republicans agree. republicans have taken the step in the right direction. they pass legislation to replace this with responsible target it once and to bring our nation record debt under control. instead of considering the house plan to protect taxpayers democrats have spent months drawn partisan lines in the stands. the tax hike would only funds the government for eight days. americans deserve to know what the president proposes we do for the other 357 days a year. inaction should not be a problem. the problems facing our country are baked but not all that complicated. -- are big but not all that complicated. the next two days will begin to define the president's second term. he was elected to lead. >> we also got an update from oulaurie mcginley this morning. >> what kind of a deal did the president offered? what is new on the negotiations among and between the centers in the white house b
going over the fiscal cliff is avoidable. there is still time to act. but president obama and 10 eric -- and harry reid believe it is one that can pass both houses. republicans agree. republicans have taken the step in the right direction. they pass legislation to replace this with responsible target it once and to bring our nation record debt under control. instead of considering the house plan to protect taxpayers democrats have spent months drawn partisan lines in the stands. the tax hike...
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Dec 28, 2012
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bronx.tart out with the what do you think about the fiscal cliff? caller: i am happy to show those guys who are supposed to be our leaders so everybody can see. all these guys are working for their rich donors who basically run the whole campaign during the regular year to make sure that they are funded, and they are going to go to bat for the rich donors who take care, not the middle class, not the working class people. host: appreciate your call. richard calling in our online for republicans from colorado. what do you think? caller: 84 allowing me the opportunity to speak. i understand there are some very good and honest people in congress working to try to solve our problems. it appears the two-party system does not work effectively. for decades, we continue to see gridlock and that thing is ever accomplished trick as returned -- retired veteran, i am worried about my veterans benefits being caught on the meager pay i receipt, and the seniors who scrape by with that in cup they get them and we have the budget and make sure we stay within our mean
bronx.tart out with the what do you think about the fiscal cliff? caller: i am happy to show those guys who are supposed to be our leaders so everybody can see. all these guys are working for their rich donors who basically run the whole campaign during the regular year to make sure that they are funded, and they are going to go to bat for the rich donors who take care, not the middle class, not the working class people. host: appreciate your call. richard calling in our online for republicans...
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Dec 25, 2012
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over the fiscal cliff? >> oh, yeah, i would be. you know, i think it is remarkable that right after the election we get this thing that comes right up in our faces that basically outlines in bold relief the differences in the two ideas about how we go forward in this country. it is really excellent timing, and we may have to go over the cliff, if it is forced into it. but this idea that you bring down the cost of medicare by making it unavailable to more people is a terrible idea of mr. boehner's. the idea -- i would be terribly upset, along with many of my friends, if obama compromised too much on what needs to happen that is called the fiscal cliff. >> do you think a prominent third-party would help our country? >> i felt strongly about that when i supported john anderson in 1979. he was -- a large part of anderson's campaign was to sue the state ballot procedure into allowing third parties to have more access to the electoral process. i would like to see a third party available, but that, too, seems like
over the fiscal cliff? >> oh, yeah, i would be. you know, i think it is remarkable that right after the election we get this thing that comes right up in our faces that basically outlines in bold relief the differences in the two ideas about how we go forward in this country. it is really excellent timing, and we may have to go over the cliff, if it is forced into it. but this idea that you bring down the cost of medicare by making it unavailable to more people is a terrible idea of mr....
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Dec 25, 2012
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you run off the fiscal cliff unless you are insane and do what told. you are a bad person asking why is there a face call cliff. will america will be different on january 2nd if we hold our bleat and see what happens? second. you then go to distractions. the current distractions is grover norquist. i have known grover norquist for a long time. i think he's a fine person. he hold know elective office. and in fact, he wasn't elected president. he is the president of united states who is responsibility for figuring how to solve our problems who is not offered a single serious cost consulting measure. tell me what you think barack obama is going to go to the house and senate democrats and say i need a yes vote on this. instead of dealing with the fact that the president of the united states is once again totally failing to provide leadership, the president has gotten us worried about whether grover norquist defines the republican party. as we know, if we are not worthy of the news media's respect and love we are a party that disappear. listen to the tone o
you run off the fiscal cliff unless you are insane and do what told. you are a bad person asking why is there a face call cliff. will america will be different on january 2nd if we hold our bleat and see what happens? second. you then go to distractions. the current distractions is grover norquist. i have known grover norquist for a long time. i think he's a fine person. he hold know elective office. and in fact, he wasn't elected president. he is the president of united states who is...
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Dec 30, 2012
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[laughter] so let me start with the fiscal cliff idea and say there is no fiscal cliff. let me say second act conservatives and republicans -- about conservatives and republicans who are demoralized, get over it. we had a bad election. we did a number of stupid things. we faced an opponent who worked harder than we did, did some clever things. ronald reagan, one of his most important single statements is february 1975 in washington at the conservative political action committee meetingment now, i was part of this. i ran in '74. i've had no sense of timing. so i picked watergate to run in. [laughter] i'm in georgia. i'm a yankee-born army brat with a strange accent, a weird name running as a republican during watergate. this was beyond not clever. [laughter] this was like, you know, don't give him money, pay for the therapy. [laughter] in december of 1974 republican party id was at 17%, and there was serious talk about is the party going to disappear and be replaced. now, it was nonsenses, but it was serious talk , and i was part of the group doing serious, in-depth analy
[laughter] so let me start with the fiscal cliff idea and say there is no fiscal cliff. let me say second act conservatives and republicans -- about conservatives and republicans who are demoralized, get over it. we had a bad election. we did a number of stupid things. we faced an opponent who worked harder than we did, did some clever things. ronald reagan, one of his most important single statements is february 1975 in washington at the conservative political action committee meetingment now,...
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Dec 27, 2012
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the way to avoid the fiscal cliff has been right in the face of the republican leaders, both mcconnell and baron --, boehner for days and days and days going into weeks and months and it's the only option that is a viable escape route. that's the senate-passed bill. it wouldn't hard to pass, i've talked about that at some length. every democrat in the house would vote for it, a handful of republicans would vote for it. that's all that would be nominee needed. but, mr. president, grover norquist is standing in the way of this. not the rich people. but grover norquist. the man who says what the republicans can do. so i say to the speaker, take the escape hatch that we've left you. put the economic fate of the nation heafd your own fate as speaker of the house. millions of middle-class families are nervously watching and counting down the moments until their taxes go up. nothing can move forward in regards to our budget crisis unless speaker boehner and leader mcconnell are willing to participate in coming up with a bipartisan plan. speaker boehner is unwilling to negotiate, we have we've
the way to avoid the fiscal cliff has been right in the face of the republican leaders, both mcconnell and baron --, boehner for days and days and days going into weeks and months and it's the only option that is a viable escape route. that's the senate-passed bill. it wouldn't hard to pass, i've talked about that at some length. every democrat in the house would vote for it, a handful of republicans would vote for it. that's all that would be nominee needed. but, mr. president, grover norquist...
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Dec 27, 2012
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fiscal cliff. i say i'm a little frustrated because we've been asking the president and the democrats to work with us on a bipartisan agreement for months, literally for months. a plan that would simplify the tax code, shrink the deficit, protect the taxpayers, and grow the economy. but democrats consistently rejected those offers. the president chose instead to spend his time on the campaign trail. this was even after he got reelected. and congressional democrats sat on their hands. now republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement, but we had no takers. the phone never rang. and so now here we are five days from the new year, and we might finally start talking. democrats have had an entire year to put forward a balanced bipartisan proposal, and if they had something that fit the bill, i'm sure the majority leader would have been able to deliver the votes the president would have needed to pass it here in the senate. and we wouldn't be in
fiscal cliff. i say i'm a little frustrated because we've been asking the president and the democrats to work with us on a bipartisan agreement for months, literally for months. a plan that would simplify the tax code, shrink the deficit, protect the taxpayers, and grow the economy. but democrats consistently rejected those offers. the president chose instead to spend his time on the campaign trail. this was even after he got reelected. and congressional democrats sat on their hands. now...
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Dec 28, 2012
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fiscal cliff. before the senate adjourned yesterday, majority leader harry reid and minority leader mitch mcconnell debated the fiscal cliff and talked about negotiations surrounding the tax hikes and automatic spending cuts scheduled to take effect in a few days. this is about 5 minutes -- 15 minutes. >> madam president, you'll excuse me if i'm a little frustrated at the situation we find ourselves in, but last night president obama called myself and the speaker and maybe others from hawaii and asked if there was something we could do to avoid the fiscal cliff. i say i'm a little frustrated, because we've been asking the president and the democrats to work with us on a bipartisan agreement for months, literallye for months. a plan that would simplify theod tax code, shrink the deficit, protect the taxpayers and grow the economy. but democrats consistently rejected those offers. the president chose instead to spend his time on the campaign trail. reelected. and congressional democrats sat on theire
fiscal cliff. before the senate adjourned yesterday, majority leader harry reid and minority leader mitch mcconnell debated the fiscal cliff and talked about negotiations surrounding the tax hikes and automatic spending cuts scheduled to take effect in a few days. this is about 5 minutes -- 15 minutes. >> madam president, you'll excuse me if i'm a little frustrated at the situation we find ourselves in, but last night president obama called myself and the speaker and maybe others from...
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Dec 29, 2012
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after that summer undertaken to the brink of a fiscal cliff, the thinking on the house republican leader ship is maybe a tea party freshmen will go homehome, get yelled at by constituents and realize maybe compromise is not such a bad thing. they went home and the people who put at town halls tend to be that this is their party and those people tend to be tea party and they said why did video? you said you would not under any circumstances raise the debt ceiling. at best there's mixed messages and a great likelihood it will be a while before we see moderation. >> is this for the leadership looks at the freshman, many of them second term members of congress and think if only we could control them. isn't the case for leadership as it is out of sync or is the leadership secretly happy that freshmen are getting the blame or credit for doing the dirty work they probably politically would not be what to do as leaders of the house? been the leadership is happy. they are happy that they are empowered. i suspect they wake up screaming because they don't have control. they leadership are referred
after that summer undertaken to the brink of a fiscal cliff, the thinking on the house republican leader ship is maybe a tea party freshmen will go homehome, get yelled at by constituents and realize maybe compromise is not such a bad thing. they went home and the people who put at town halls tend to be that this is their party and those people tend to be tea party and they said why did video? you said you would not under any circumstances raise the debt ceiling. at best there's mixed messages...
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Dec 27, 2012
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republicans, your party, but we are about to go over this fiscal cliff. what do you say? >> of course they blame republicans. that is what people in washington bureau. let's be realistic about this. the president owns the economy at the end of the day, whether he wants to admit it or not. this is his job. i was there in 2003 in the second round of so-called bush tax policies came to the house. the house house wanted $550 billion in cuts. all they could get was $250 billion. it was a compromise. george bush came down and met with our conference and said, you guys thought the good fight, this is what i mean, need, let's go and take what we can get, with a $250 billion and the problem is solved. gerri: i don't see that exactly. [talking over each other] [talking over each other] >> can you imagine? can you imagine lyndon johnson sitting on the sidelines while something like this was going on? gerri: i cannot imagine lyndon johnson going anywhere but washington and sitting there, quite frankly. something that is new out this afternoon, senior administration o
republicans, your party, but we are about to go over this fiscal cliff. what do you say? >> of course they blame republicans. that is what people in washington bureau. let's be realistic about this. the president owns the economy at the end of the day, whether he wants to admit it or not. this is his job. i was there in 2003 in the second round of so-called bush tax policies came to the house. the house house wanted $550 billion in cuts. all they could get was $250 billion. it was a...
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Dec 27, 2012
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., and try to save america from falling off the fiscal cliff. how does the president when this optics war, grover? >> it is all politics. he has not put a proposal on the table that makes any sense. republicans have actually passen plan a, bu the ryan budget, the ryan plan. ent saving transit dollars over the decade. it reforms taxes, does not raise it, reforms that without raising taxes on people. so that is a plan that is passed in the house of representatives in the house of representatives republicans in the senate. the alternative to that is nothing. eric: we know that will not pass the senate and we know the white house will not sign it. here is what my contention has been. allow me. work with me. very important question at the end of this. we go off the cliff, all the tax cuts expire, sequestration,ick whatever. here is the question though. if president obama then says i will put in the tax cuts for anybody making under $250,000 per year, call it obama taxll r cuts, will republicans say no to voting for a tax cut? >> the interesting quest
., and try to save america from falling off the fiscal cliff. how does the president when this optics war, grover? >> it is all politics. he has not put a proposal on the table that makes any sense. republicans have actually passen plan a, bu the ryan budget, the ryan plan. ent saving transit dollars over the decade. it reforms taxes, does not raise it, reforms that without raising taxes on people. so that is a plan that is passed in the house of representatives in the house of...
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Dec 29, 2012
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the fiscal cliff is defense cuts and high taxes welcome to the republican party. >> rational people say that's not a good thing to do. i would hope that robert and sober behavior before new year's eve would land like an alien rocketship in washington and get these people to the table. >> greg: alice, you are sane, i believe. what do you make of this? the point i'm trying to make is why are the democrats scared of the fiscal cliff when it defines basically their ultimate dream? the democrats are anxious. they are embracing the fiscal cliff. we got obamaened a democrats in the conservative thunder bird ready to put the pedal to the metal on the fiscal cliff. they can raise taxes. they can cut military spending and they can blame the g.o.p. when the g.o.p. is doing the smart thing here wanted pointing the finger at the real problem, which is out of control spending. fixing this problem is not going to be easy but it's not complicated. we can't rely on raising taxes. we have to focus on cutting spending. that's what republicans are doing. even more so with geithner pointing out warning us o
the fiscal cliff is defense cuts and high taxes welcome to the republican party. >> rational people say that's not a good thing to do. i would hope that robert and sober behavior before new year's eve would land like an alien rocketship in washington and get these people to the table. >> greg: alice, you are sane, i believe. what do you make of this? the point i'm trying to make is why are the democrats scared of the fiscal cliff when it defines basically their ultimate dream? the...
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Dec 26, 2012
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: right. >> -- if this whole fiscal cliff disaster happens. patti ann: now how was it spun this way? there's a lot more being negotiated than just those tax rates for wealthy people. what about the fact that we have the $16 trillion debt, and these plans hardly do anything to address it? why is that not the focus? >> yeah, they do almost nothing to address it. even if the president got what he wanted in taxes which is raising taxes on americans who make above $250,000 a year, i think it would be about $850 billion over the next ten years, it wouldn't even be one year's deficit. so there, i mean, there are a lot of other things involved. republicans have demanded real spending cuts, mostly spending cuts in the entitlement programs. and what we've seen in the past few weeks is as that has been discussed among democrats, there's been a hardening of opinion that they really do not want to make any cuts or any trims really in any of the big entitlement programs, medicare, medicaid and social security. patti ann: all right. well, byron york, that's
: right. >> -- if this whole fiscal cliff disaster happens. patti ann: now how was it spun this way? there's a lot more being negotiated than just those tax rates for wealthy people. what about the fact that we have the $16 trillion debt, and these plans hardly do anything to address it? why is that not the focus? >> yeah, they do almost nothing to address it. even if the president got what he wanted in taxes which is raising taxes on americans who make above $250,000 a year, i...
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Dec 31, 2012
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house republicans were cozy and doing nothing on the fiscal cliff. john bone bone took himself out of the negotiations and abdicated responsibility and said he would dole with whatever the senate and president had come to. i happening there is a lot of good proprosals on the table and something will get done, too. >> dave: it appears that senate republicans came a long way in sharing their desire for no taxes raised on the wealthy. $550,000 thres hold for couples is a significant compromise. but can they get anything through the house in terms of getting republican votes today? >> i don't think that will get through the house . the house was elected to protect the united states of additional obama care spipe types of spending . from the perspective it is it a char aid. he wants to raise tax for people with over $200,000 . patti murray tipped the president's hand when she said it is okay to go off the fiscal cliff . we get credit when we cut taxing back to the level they were before the cliff . it is it a political issue for them to attain their goali
house republicans were cozy and doing nothing on the fiscal cliff. john bone bone took himself out of the negotiations and abdicated responsibility and said he would dole with whatever the senate and president had come to. i happening there is a lot of good proprosals on the table and something will get done, too. >> dave: it appears that senate republicans came a long way in sharing their desire for no taxes raised on the wealthy. $550,000 thres hold for couples is a significant...
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Dec 26, 2012
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about the fiscal cliff and the markets out there again could be very, very harsh if there is no deal. so i don't know about christmas cheer but i think there are certain political realities that say there's got to be something done, even if it's a temporary patch that allows them to say we're going to have the big vote in terms of the cuts and tax hikes and reform, you know, in a few weeks. but they have got to do something in the short term or they're going to be dire consequences. i don't think that is any hyperbole, kelly, it is just the truth. kelly: just the truth. bottom line so i let you go, what is your next guess, deal or no deal? >> i think they get some kind of deal. it may pass the january 1st, december 31st deadline to get the house vote but i think you will see something done. kelly: maybe a pared down version but something will get done. kelly, have a happy holiday. >> you too, juan. jamie: the taliban is claiming responsibility for a homicide car bombing in khost. it is at the very same base where seven cia employees were killed three years ago by a jordanian homicide
about the fiscal cliff and the markets out there again could be very, very harsh if there is no deal. so i don't know about christmas cheer but i think there are certain political realities that say there's got to be something done, even if it's a temporary patch that allows them to say we're going to have the big vote in terms of the cuts and tax hikes and reform, you know, in a few weeks. but they have got to do something in the short term or they're going to be dire consequences. i don't...